The Contrarian Case for Groupon

The battered shares may have been punished too much, given the company's long-term outlook.

February 14, 2013

February 14, 2013

Groupon (GRPN: Nasdaq) By Sterne, Agee & Leach ($5.29, Feb. 13, 2013)

We are upgrading Groupon to Buy from Neutral.

This is an out-of-consensus upgrade predicated on a more constructive longer-term view of Groupon (ticker: GRPN) and is not a call on the company's upcoming fourth-quarter results. We recognize that meaningful risks...